Mastercard completed a $5 billion debt offering across five tranches of notes, increasing its long-term debt obligations.
Key takeaways
Issued $500M Floating Rate Notes due 2028, $1.25B 4.325% Notes due 2028, $1.15B 4.425% Notes due 2029, $1.35B 4.600% Notes due 2031, and $750M 5.000% Notes due 2036.
Proceeds from the offering are for general corporate purposes, though not explicitly stated; typical for such issuances.
The notes are senior unsecured obligations, ranking equally with existing unsecured debt.
Fixed-rate notes have make-whole call provisions; floating rate notes are non-callable.
Underwriting syndicate includes major banks led by J.P. Morgan, Barclays, and others.
The offering was executed under an existing shelf registration statement, indicating efficient capital access.